(Reuters] – The new Georgia plant for electric cars Rivian Automobile Inc will be receiving $1.5 billion in incentives from the states and localities, as well as tax credits. This was announced by the company and the state on Monday.

Once the plant has been up-and-running, it is anticipated that 7,500 people will be employed by the $5 billion investment. Georgia’s Department of Economic Development stated in a statement that workers will be paid an annual average of $56,000.